India: ERW pipe prices rise by up to INR 300/t ($4/t) in key markets

ERW patra pipe (41-60 OD) prices rose by INR 300/t ($4/t) in Raipur while prices inched up by INR 100/t ($1/t) in Mandi Gobindgarh d-o-d today. Current offers-

• Raipur: INR 53,200/t ($652/t)
• Mandi Gobindgarh: INR 53,900/t ($660/t)
• Prices are on exw basis, excluding 18% GST.

On weekly basis, prices increased by INR 1,000/t ($12/t) in Raipur and by INR 500/t ($6/t) in Mandi.